First IGT Contract Extension Hearing Held

(Providence, RI)--Hearings are underway in the Rhode Island General Assembly over a proposed contract extension for state lottery runner IGT.Rhode Island Department of Revenue officials urged the Senate Finance Committee last night to keep IGT, which the state wants to offer a twenty-year, one-billion-dollar, no-bid contract.State casinos operator Twin River wants consideration of its new proposal with rival lottery operator Camelot, which it says costs half-a-billion dollars less and is only for twelve years.

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